772 & 776 S 2nd ST, San Jose, CA 95112

$2,167,500
4,998
SqFt

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Listed by Michael Henshaw, 650-269-6453 from Marcus & Millichap
(If provided) CoList: from

Sold listing courtesy of Louis Kwok from KIDD01

Sold Price
$2,167,500
List Price
$2,399,000
Closing Date
Feb 29, 2024
MLS#
ML81919603
Status
SOLD
Sqft. of Residence
4,998
Lot Size
10,018
Listing Area
Central San Jose
Year Built
1898

Property Description

Located in a quiet part of Downtown San Jose, the subject property offers well maintained one-bedroom, two-bedroom, and four-bedroom floor plans. It consists of a detached four-bedroom/two-bathroom home (est. 1,400 square feet, currently rented as an Airbnb), a separate six-unit Victorian apartment building with three one-bedroom/one-bathroom and three two-bedroom/one bathroom units, a basement Art Studio (potential ADU conversion), and three two-car garages. The three, two-car garages (on a separate parcel) are currently rented out at $275 per month (estimated to be below market) as storage units, providing ownership with additional monthly income. A new owner could also rent out the Art Studio and several storage units located in the basement, further increasing the property's monthly cash flow and value. Both buildings have been renovated from 2019 to 2023. SELLER FINANCING 85% LTV

Additional Information

Acres
0.23
Age
125
Cooling System
Ceiling Fan
Days On Market
Unknown
Floor Covering
Carpet, Concrete, Hardwood, Laminate, Tile
Foundation
Concrete Perimeter
Garage Parking
Common Parking Area, Detached Garage
Heating System
Wall Furnace
Laundry Facilities
Washer / Dryer
Living Area
4,998
Lot Size
10,018
Neighborhood
Central San Jose
Other Rooms
Basement - Finished, Storage
Other Utilities
Individual Electric Meters, Individual Gas Meters
Roof
Composition
Sewer
Septic Connected
Style
Victorian
Unincorporated Yn
Yes
Zoning
CN

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